Admach Systems SME IPO Subscription Status
Admach Systems SME IPO closed on 26 December 2025 with an overall subscription of 4.19x based on shares applied. QIB demand came in at 1.55x, NII at 7.63x, and retail at 3.77x.
Allotment will be finalised on 29 December 2025. The stock is scheduled to list on NSE and BSE on 31 December 2025.
Issue Price
Rs 239.00
GMP Today
Rs 11.00 (+4.60%)
Overall Subscription
4.19x
Issue Size
₹40.47 Cr
Allotment Date
29 Dec 2025
Listing Date
31 Dec 2025
Admach Systems SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 239.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 9.12 Cr | Rs 14.12 Cr | 1.55x |
| FII | - | Rs 4.00 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 10.12 Cr | - |
| NII | Rs 9.09 Cr | Rs 69.33 Cr | 7.63x |
| bNII (above Rs 10L) | Rs 6.06 Cr | Rs 58.01 Cr | 9.57x |
| Corporate | - | Rs 2.44 Cr | - |
| Individual | - | Rs 55.27 Cr | - |
| Other | - | Rs 30.11 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.03 Cr | Rs 11.33 Cr | 3.74x |
| Corporate | - | Rs 12.91 L | - |
| Individual | - | Rs 10.76 Cr | - |
| Other | - | Rs 44.45 L | - |
| IND | Rs 17.22 Cr | Rs 64.93 Cr | 3.77x |
| Fixed price | - | Rs 64.93 Cr | - |
| Total | Rs 35.43 Cr | Rs 148.39 Cr | 4.19x |
Admach Systems SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 636 | 3 | 0.00x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 2 | - |
| NII | 211 | 765 | 3.63x |
| bNII (above Rs 10L) | 141 | 505 | 3.58x |
| Corporate | - | 3 | - |
| Individual | - | 500 | - |
| Other | - | 2 | - |
| sNII (Rs 2L to Rs 10L) | 70 | 260 | 3.71x |
| Corporate | - | 3 | - |
| Individual | - | 247 | - |
| Other | - | 10 | - |
| IND | 600 | 2,264 | 3.77x |
| Fixed price | - | 2,264 | - |
| Total | 1,447 | 3,032 | 2.10x |
What Do These Subscription Numbers Mean?
A subscription of 4.19x by shares means the IPO received bids for 4 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.55x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.55x, it reflects serious institutional conviction.
NII at 3.63x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 3.58x and sNII at 3.71x by applications. Share subscription was 7.63x. Allotment uses application count, not share volume.
At 3.77x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~27% per application). Retail allotment is done by lottery when oversubscribed.
Admach Systems SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 3.77x.
- •Allotment odds: about 1 in 4 (~27% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 3.71x.
- •Allotment odds: about 1 in 4 for a minimum-lot application (~27% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 3.58x.
- •Allotment odds: about 1 in 4 for a minimum-lot application (~28% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 9.57x. Allotment uses application count, not share volume.
Check the Admach Systems SME IPO Allotment Status page from 29 December 2025 for your allotment result.
Admach Systems SME IPO GMP After Subscription
GMP for Admach Systems SME stands at Rs 11.00 today, giving an estimated listing price of Rs 250.00 per share.
A subscription of 4.19x combined with a GMP of 4.60% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Admach Systems SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Admach Systems SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Dec 2025 | 0.00x | 0.05x | 0.07x | 0.05x |
| Day 2 - 24 Dec 2025 | 1.44x | 1.61x | 0.90x | 1.22x |
| Day 3 - 26 Dec 2025 | 1.55x | 7.40x | 3.76x | 4.13x |
Admach Systems SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 December 2025 |
| IPO Close Date | 26 December 2025 |
| Allotment Date | 29 December 2025 |
| Refund Initiation | 30 December 2025 |
| Share Credit to Demat | 30 December 2025 |
| Listing Date | 31 December 2025 |
| Minimum Investment | Rs 2,86,800.00 |
| Lot Size | 600 shares |
About Admach Systems SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Admach Systems SME IPO Subscription FAQs
What is Admach Systems SME IPO subscription status today?
Admach Systems SME IPO subscription closed on 26 December 2025 with overall subscription of 4.19x (by shares) as of 27 June 2026, 3:17 AM IST. QIB 1.55x, NII 3.63x, IND 3.77x.
What is the overall subscription of Admach Systems SME IPO?
Admach Systems SME IPO is subscribed 4.19x overall by shares at close on 26 December 2025. QIB 1.55x, NII 3.63x, and IND 3.77x.
What is Admach Systems SME IPO QIB subscription?
Admach Systems SME IPO QIB (Qualified Institutional Buyers) subscription is 1.55x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Admach Systems SME IPO IND subscription?
Admach Systems SME IPO IND subscription is 3.77x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Admach Systems SME IPO NII subscription?
Admach Systems SME IPO NII (Non-Institutional Investors) subscription is 3.63x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Admach Systems SME IPO for retail?
At 3.77x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~27% per application). Allotment is done by lottery.
When is Admach Systems SME IPO allotment date?
Admach Systems SME IPO allotment date is 29 December 2025. Check Admach Systems SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Admach Systems SME IPO subscription close?
Admach Systems SME IPO subscription closed on 26 December 2025. No new applications are accepted after the close.
What is Admach Systems SME IPO GMP today?
Admach Systems SME IPO GMP is ₹11 today (+4.60% over issue price ₹239). See live GMP on the Admach Systems SME IPO GMP Today page.
What is Admach Systems SME IPO issue price and lot size?
Admach Systems SME IPO issue price is ₹239 per share. Lot size is 600 shares. Minimum investment is ₹2,86,800 per lot (minimum 2 lots for SME). Issue size: ₹40.47 Cr.
When is Admach Systems SME IPO listing date?
Admach Systems SME IPO listing date is 31 December 2025 on NSE and BSE. Allotment is on 29 December 2025.
How does subscription affect Admach Systems SME IPO allotment?
Allotment odds in Admach Systems SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 3.63x by applications means roughly 1 in 4 for minimum-lot bids; bNII at 3.58x (~1 in 4). At 4.19x overall, competition is moderate.
For allotment results from 29 December 2025, visit the Admach Systems SME IPO Allotment Status page. For listing day updates on 31 December 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.